Posts Tagged ‘administration’

It is no secret that Rangers are in deep financial trouble. Thanks largely to the disastrous tenure of owner Craig Whyte, who oversaw a devastating combination of financial mismanagement and mortgaging the clubs future earnings, Rangers went into administration in February owing millions of pounds in unpaid taxes, and there were real fears that they may have gone out of existence as they couldn’t guarantee at the time they had the money to fulfil their fixtures.